Christine Romans is minding your business with details from a study on retirement savings, and the latest on U.S. stock futures and world markets.

An EBRI report reveals that people are not putting aside enough for their retirement. “You’ve got 57% have less than $25,000 in savings,” Romans says. “That is not enough.” Only about 12% has more than $250,000 saved. “That’s where you want to be,” she says. But more people are less confident about saving for retirement due to job uncertainty, day-to-day expenses and high debt.

Stock futures indicated slightly lower opens this morning as the recession deepens in Europe. Cyprus is set to become the fourth European country to get a bailout and possibly be a headwind for U.S. stocks. After a major rally, “the market's been ripe for a pullback,” Romans says, “so tread carefully here.”

NEW YORK (CNNMoney)
After promising five years ago to raise the federal minimum wage, President Obama finally unveiled a plan to do so on Tuesday.

In his State of the Union address, Obama pressed to raise the hourly rate in stages to $9 an hour in 2015, up from the current $7.25, and index it to inflation. The change, should it become law, would boost the wages of 15 million Americans, according to the White House.

This morning on "Early Start," Christine Romans looks at President Obama's State of the Union proposal to raise the federal minimum wage and how it could affect the economy.

This morning on "Early Start," Rep. Matt Cartwright (D-PA) previews President Obama's State of the Union address and solutions for the economy, rocker Ted Nugent's scheduled appearance at the speech and North Korea's nuclear test.